Carlyle Group (CG) Co-Founder and Co-Chairman David Rubenstein wears many hats, including owning the Baltimore Orioles. He's also an author. In his new book "The Highest Calling," Rubenstein examines US history through the lens of the presidency. He interviewed most living presidents for the book, including former President Donald Trump, who Rubenstein says had to learn who the players were in Washington.

Rubenstein also talks about the Federal Reserve's rate cut cycle. He expects two more 25 basis point cuts for the year that "will be good for the economy." He also doesn't think a recession is in the cards. On tax cuts, Rubenstein believes there will be cuts no matter who wins the White House, though he thinks they will be bigger if Trump wins.

Here are key video moments from the interview

00:01:00 Rubenstein explains why the US presidency is so important

00:03:30 Rubenstein on his interview with Trump

00:04:40 What Rubenstein thinks it will take to get more people to become government leaders

00:05:54 Rubenstein on rate cuts

00:07:39 Rubenstein talks tax cuts and the deficit

00:09:00 Why regulation is a bigger issue for business than tax cuts.

00:10:40 Rubenstein on owning the Orioles and private equity's role in sports

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This post was written by Stephanie Mikulich.